Apr. UK PMI Manufacturing (08:30 GMT) to ease somewhat: Despite some improvement in the numbers from the UK they have failed to beat expectations. The Citi Surprise Index from the UK is back below zero at -7.6 having peaked at 97.6 in mid-February. This was also evident in last week's GDP release, which saw the economy return to recession with a -0.2% q/q print in 1Q'12 (after -0.3% in 4Q'11) as private and public sector austerity more than offset any gains from other parts of the economy. Consensus looks for more of the same in today's PMI Manufacturing report, which they forecast will show a slowdown to 51.5 in ... (full story)